Six Presidents Nominated at Hana Financial Affiliates... First Female CEO to Emerge

Hana Financial Group Completes Recommendation of CEO Candidates for Affiliate Companies

Mingwansik, President and CEO Nominee of Hanaja Asset Trust

[Asia Economy Reporter Sunmi Park] Hana Financial Group on the 28th appointed CEOs for six affiliates: Hana Asset Trust, Hana Alternative Investment Asset Management, Hana Insurance, Hana Fund Service, Hana Ventures, and Fink.

On the same day, Hana Financial announced that at the Affiliate Company Management Committee (hereinafter referred to as the ACMC), Min Gwan-sik, the current Executive Director, was recommended as the candidate for the new president of Hana Asset Trust; Kang Seong-mook, the current Vice President of Hana UBS Asset Management, was recommended as the candidate for the new president of Hana Alternative Investment Asset Management; and Kim Jae-young, the current Vice President, was recommended as the candidate for the new president of Hana Insurance.

Additionally, No Yoo-jung, former Managing Director of Hana Bank, was recommended as the candidate for the new president of Hana Fund Service. No Yoo-jung is the first female CEO among the CEOs of Hana Financial Group’s affiliates. Based on her diverse experience in banking operations and financial consumer protection, she was evaluated as the ideal candidate to elevate Hana Fund Service to the next level by strengthening customer-first management more delicately as a female CEO, and thus was recommended as a candidate.

Noh Yoo-jung Appointed as CEO of Hana Fund Service

Each candidate was evaluated as the right person with a customer-oriented mindset, expertise, and sales capability. Min Gwan-sik, candidate for president of Hana Asset Trust; Kang Seong-mook, candidate for president of Hana Alternative Investment Asset Management; Kim Jae-young, candidate for president of Hana Insurance; and No Yoo-jung, candidate for president of Hana Fund Service, are expected to be appointed for a two-year term following the respective boards of directors and regular shareholders’ meetings to be held next month. Furthermore, Kim Dong-hwan, current president of Hana Ventures, and Kwon Young-tak, current president of Fink, were recommended for reappointment, extending their terms by one year.

A Hana Financial Group official said, "By completing the recommendation of CEO candidates for affiliates, we have brought new vitality to the organization by leading a generational change through the best candidates with abundant experience and expertise." He added, "Through this, Hana Financial plans to continuously grow the non-bank sector, which accounted for 35.7% of the group’s total profit last year, and lead the group’s growth."

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